Legal15 May 2026, 10:46 am
Honasa wins ₹18.88 Cr in arbitration against RSMM General Trading
AI Summary
Honasa Consumer Ltd. has won an arbitration case against RSMM General Trading LLC, with the Arbitral Tribunal ruling in Honasa's favor on May 14, 2026. The award declares that RSMM breached the Arbitration Agreement by initiating proceedings in Dubai, and that the termination of the Authorised Distributor Agreement (ADA) by Honasa was valid. RSMM is injuncted from continuing proceedings in Dubai and is liable to pay Honasa AED 7,254,340 (₹18,88,41,569.42), including post-award interest if unpaid after 30 days.
Key Highlights
- Honasa wins arbitration against RSMM, awarded AED 7,254,340 (₹18.88 Cr).
- Tribunal declares RSMM breached the Arbitration Agreement.
- Termination of ADA by Honasa was deemed valid.
- RSMM is injuncted from initiating proceedings in Dubai.
- Award received by Honasa on May 14, 2026.